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@Optionspuppy：🐂📈📈🐂🐂🐂$NVIDIA Corp(NVDA)$ beats earnings estimates for many quarters Nvidia is a semiconductor company that has beaten earnings estimates for eight quarters in a row. Its success can be attributed to the fact that it provides semiconductor chips to major tech companies like Apple, Microsoft, and Tesla. In February 2023, Nvidia stock gapped up 14% after beating Wall Street's earnings target for its fiscal fourth quarter and guided higher for the current period. This allowed the stock to top a 230.59 buy point from a three-weeks-tight pattern and join the prestigious IBD Leaderboard. Nvidia stock has a near-perfect IBD Composite Rating of 98, meaning it has outperformed 98% of all other stocks in IBD's database in terms of combined technical and fundamental metrics. It also carries a Relative Strength Rating of 98, indicating that it has outperformed 98% of all stocks in IBD's database over the past year. The stock often earns a spot on the IBD 50, Big Cap 20, and Sector Leaders lists. Nvidia's EPS Rating is 62 out of 99, and its SMR Rating is a B, on a scale of A to a worst E. The EPS rating compares a company's earnings growth to other stocks, while its SMR Rating gauges sales growth, profit margins, and return on equity. While Nvidia's earnings dropped year over year, data center revenue rose 11% to $3.62 billion, fueled by demand for AI chips. However, gaming chip sales remained weak, falling 46% to $1.83 billion. Analysts expect Nvidia earnings to rebound 34.3% in fiscal 2024, on a 10.8% sales increase. In summary, Nvidia is a strong semiconductor stock that has beaten earnings estimates for eight quarters in a row. Its success can be attributed to its provision of semiconductor chips to major tech companies. Its recent success in beating earnings estimates has allowed the stock to top a buy point and join the prestigious IBD Leaderboard. While Nvidia's earnings dropped year over year, data center revenue rose, and analysts expect earnings to rebound in fiscal 2024 🐯 🐯🐯🐯🐯🐯 Dear tiger readers Please help to share post also clicking the repost button and follow me as I published my post on my ideas and trading experiences and sometimes including my current dividend positions and winning sell call and put trades . 🦁🦁🦁🦁🦁Do follow me share my posts regularly So more people can learn about my trading methods and winning trades on selling covered calls and puts options I share my options trade below usually I sell at a higher price then buy back at a lower price for a profit I also try to reward the first 100 commenters at least 1 coins each who also help me repost and like the article 🌈🌈🌈🌈🌈🌈🌈🌈 As always do your on due diligence and tradings have risks Do feature me @MillionaireTiger @Daily_Discussion @TigerStars so more people learn sell cash covered put on good stocks and earn 1% or more per month
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